What does it mean to be a Beneficiary of a protection plan?

As Beneficiary you are selected by the plan owner of a protection plan to safeguard one of the shares that is part of the protection plan. Your share contains a fragmented and encrypted portion of the secret data stored in the protection plan. By merging your share with the shares of other Beneficiaries in a merging proces initiated by an appointed Merge Authority, the secret data in the plan can be unlocked.

How do I know if I’m a Beneficiary?

When you are a Beneficiary you either receive an email that notifies you that the plan owner selected you as Beneficiary or the plan owner gives you a SafeKey pro device with an Inheriti share on it.

How do I know who else is Beneficiary?

The decision of who becomes a Beneficiary rests solely with the plan owner and is determined during plan creation. If this information is not included in the plan description or not shared by the plan owner, there is no way to know.

Can I read the secret data on my share?

No. The Inheriti architecture ensures that the secret data can only be accessed by merging the shares under the conditions set by the plan owner. Your share only contains fragmented and encrypted data, all security measures ensure that not any part of the secret data can be revealed.

How do I know what secret data is protected with the plan?

The decision about what secret data is included in the protection plan rests solely with the plan owner and is determined during plan creation. If this information is not included in the plan description or not shared by the plan owner, there is no way to know.

How do I know whether a protection plan is still active?

There is no way for the Beneficiary to know whether a protection plan is still active or canceled by the plan owner. Consider contacting the plan owner or merge authority if you want to know since they both have access to an overview of the active protection plans.

Can I initiate the merging of a protection plan with my share?

Only designated Merge Authorities are eligible to initiate the merging process for Inheriti shares. You will be notified of your status as a Merge Authority via email and it will also be visible in the plan details on the Storage section of the SafeKey Mobile app.

How come one of my shares is missing?

When a plan owner deletes his protection plan, the associated share will be deleted from the SafeKey Mobile app.

Can Inheriti recover my share?

No. Inheriti cannot recover your plan share or any Secret Data.